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REGISTERED NUMBER: 05837591 (England and Wales)















KSD Limited

Unaudited Financial Statements for the Year Ended 31 October 2023






KSD Limited (Registered number: 05837591)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KSD Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: K S Dhami
Mrs J K Dhami





REGISTERED OFFICE: 3 - 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: Great Hermitage House
Hermitage Road
Higham
Rochester
Kent
ME3 7NF





REGISTERED NUMBER: 05837591 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

KSD Limited (Registered number: 05837591)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,531 26,042
Investment property 5 1,950,000 2,000,000
1,969,531 2,026,042

CURRENT ASSETS
Debtors 6 4,003 4,260
Investments 7 - 7,453
Cash at bank 39,299 127,534
43,302 139,247
CREDITORS
Amounts falling due within one year 8 423,433 573,893
NET CURRENT LIABILITIES (380,131 ) (434,646 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,589,400 1,591,396

PROVISIONS FOR LIABILITIES 185,156 178,384
NET ASSETS 1,404,244 1,413,012

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 943,494 1,000,756
Retained earnings 459,750 411,256
SHAREHOLDERS' FUNDS 1,404,244 1,413,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KSD Limited (Registered number: 05837591)

Statement of Financial Position - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 January 2024 and were signed on its behalf by:





K S Dhami - Director


KSD Limited (Registered number: 05837591)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

KSD Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Income recognition
Turnover represents invoiced rents receivable and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


KSD Limited (Registered number: 05837591)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Current asset investments
Current asset investments are included at fair value. Gains and losses are are recognised in the income statement and are included in the retained earnings reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 149,834
DEPRECIATION
At 1 November 2022 123,792
Charge for year 6,511
At 31 October 2023 130,303
NET BOOK VALUE
At 31 October 2023 19,531
At 31 October 2022 26,042

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 2,000,000
Revaluations (50,000 )
At 31 October 2023 1,950,000
NET BOOK VALUE
At 31 October 2023 1,950,000
At 31 October 2022 2,000,000

KSD Limited (Registered number: 05837591)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 1,950,000

Investment property was valued on an open market basis on 31 October 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,003 4,260

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments - 7,453

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 11,914 16,427
Other creditors 411,519 557,466
423,433 573,893